The Yellow Brick Road Is Paved with Gold

Gold, yuan, and the end of dollar rule “He who owns the gold makes the rules.” — Anonymous A reader on Sunday’s post mentioned The Wizard of Oz. That single word—Oz—sent me back to an essay I wrote over two years ago called The Land of Ounces. I went back…

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The Naked Emperor: Anatomy of the Fiat Empire

A Three-Part Mini-Series — Part Three “Truly I tell you, unless you change and become like little children, you will never enter the kingdom of heaven.” — Matthew 18:3 In Part I, we met the Builder—not a single person but an archetype, a pattern of thinking that has shaped Western…

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The Tower They Built: How Real Estate Became the World’s Biggest Bubble

A Three-Part Mini-Series — Part Two “Come, let us build ourselves a city and a tower with its top in the heavens.” — Genesis 11:4 Every tower begins with a promise. People surrender tangible wealth—time, money, labor, health—in exchange for the promise of something greater. This essay traces one of…

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They Study You: What the Builders Know About Human Nature

A Three-Part Mini-Series — Part One “They know us better than we know ourselves. That should frighten you.” — Shoshana Zuboff, Author of The Age of Surveillance Capitalism Doesn’t it give you the creeps—that you’re being studied by the minute? Right now, somewhere yonder, a server is coalescing around your identity—your name,…

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Four Wounds of the Western Mind

“The left hemisphere’s greatest triumph is the creation of a world that conforms to its own representation—and its greatest tragedy is that it has come to believe that this is the only world there is.” — Iain McGilchrist, The Master and His Emissary Three Diagnoses Last week gave us three…

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Let it Fall: Why a Real Reset Might Be the Only Way Young Adults Can Start

“Out of clutter, find simplicity. From discord, find harmony. In the middle of difficulty lies opportunity.” — Albert Einstein My oldest son graduated with honors in mechanical engineering in May 2025—and still doesn’t have a full-time job. He moved back home and spends his days sending out applications between rebuilding…

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From Gold to Code—and Back Again

Parallels Between 1929 and Today’s Financial Fragility “The only thing we have to fear is fear itself.” – Franklin D. Roosevelt, 1933 In the final months of 1929, America looked unstoppable. Cities glowed with electric light. Streets swarmed with automobiles. Radios carried jazz, ball scores, and a steady stream of…

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Gain-of-Function Economics: The Fed’s Century of Engineered Fragility

“Paper money eventually returns to its intrinsic value: zero.” — Voltaire Last week, I read Scott Bessent’s paper, “The Fed’s ‘Gain of Function’ Monetary Policy,” which presents a striking critique of the Federal Reserve’s unconventional monetary strategies. Bessent argues that over the past decades—particularly following the 2008 financial crisis—the Fed has engaged…

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